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'' ... , ' y ?: y fx.4 While product line of Powder River Livestock Handling Equipment firm frequent question is. 1 u. dm t ui v io.-- , the dog tr.u k and at Las Vegas'" Tin' answer is always tiie same Gambling losses can Ik1 taken as an tUniied deduction, but onlv if you report gambling income of the same amount, or more In a recent Tax Court case, a taxpayer showed that he had enough losing tickets to offset seme unusually big Can winnings. Unfortunat dy, ""(.j 0 - X ...; '. 'V. - tv', y , we- v , f U x&i!: Jyjf - ' yyw - By Jacob Smith, CPA 3 j i- t- .': -r- ' '. - y i ' ' . 'rv-'- i 7, , M-- J 77 i- V i,Avr---;7- , tr'? ). t' tv-'- V ra&c' T; y ' ti. ,., L -? 1 r-- r:rr fc 7-v3'- .' " w"'-,y j&) W tv ' ::7- , :; :7 , - J y' .VJ j V. T, f( tf',v f " - , I v T - e f-t . f7.r'':m j J "- ' v''3 4 r IT; z,. x. Vr '4 i .JE, ?'''- w i v ' ; v, . ; ? ;;3 .p vt'-- 'v ..-- v , 4 s, f wr-sr-- I - "'w , 'wvA n fev V, zf f r p,v43rcE-r-ir-.Er- x M . y rr &; ' '' .. $ K?,siwm xm v-a- r n. v i - s Li.' '; ' --.- - xj f - r"- T - is growing more diversified, welding is still basic at Provo site. IVovo Firm's Success Stor PttOVO And, in addition to fabricating all kinds of fences, gates, corrals and such exotic sounding equipment as squeeze chutes, head stanchions and tipping calf tables, the company also r prints its own brochures, makes deliveries in its own fleet of trucks, services the trucks and is beginning a new operation selling Western gear, garb and livestock supplies in its t AJ Crowson foundThirty-eigh- jears ago, ed a welding Cue commercial business in Baker, n one-ma- four-colo- As business grew, Mr Crowson took on a partner and added responsibilities for Commercial Welding Co Business was so good that Commercial Welding, now headquartered in Provos industrial park, employs 200 persons (130 in Provo) and its markets. Sales Offices There are regional sales offices m Oregon, California, Montana, South Dakota, Iowa, Nebraska, Missouri, Oklahoma and T xas m addition to the Pr" r headquar- ters Oil, Gas Prospects Gain at Pineview pioduets are distributed throughout the West. The story is a classic one of finding a need and producing a product to satisfy that need Oil and gas prospects are continuing to improve in the Pineview area of Utah Move to Provo In Commercial Welding's (ase, that product was lives' ock handling equipment and. m the process of filling the need for that product found itself required to move to Provo The reason for the move To be close to its steel supply I'mted States Steel Corp 's Ciciic-a Works. According to general man nger Donald D. Parker, the firm, which incorporated in Ii'iI. had grown so much that a convenient source of steel w as a big factor American Pet- Quasar roleum, Energetics Inc., and Central North have Oil staked another test m the area Location is about six and a half miles southwest of the Nugget formation discovery about 12 miles east of Coalville The apparent Union Pacific discovery is about seven miles to the northeast of the new location. New Location Target depth for the new location was not disclosed. It apparently will be to 20,000 3-- 1 IJUihn Wins Golden Plate Tag feet. One of Utah's leading com- mercial developers and builders, John Price, has received a Golden Plate Award Genev a Supply the from That supply, even tn those days, was Geneva. And the company found that trucks carrying steel from Orem to Baker were passing trucks carrying livestock handling Equipment going the opposite direction to customers in the Intermountain Area and Hie Southwest The move to Provo, which came in 11, v. as a natural placing Commercial Welding almost next door to the steel null and in the center of a huge geographic area from which it was drawing customers And sales of its products, maiketed under the name Powder River Livestock Handling Equipment, have climbed from $750,000 during the firm's first year in Provo to about $9 million in the fiscal year ended March 31, American Academy of Achievement at Evansville, Ind. Other winners this year include Dr. Wernher Von Braun, space scientist Tom. C ; . Carlton Stowe, specialist for the Utah Geologic and 1973 Named to leasing Manufacturer The company, occupants of a 17 acre site, with 100,000 square feet under roof, has become the largest manufacturer Si ol Garth Pymm manager of the visitors section of the Salt Lake Valley Convention and Visitors Bureau, has been named to the National Planning Committee of the annual Discover America International Pow Wow. A conference is set in Boston on W cattle handling equipment in the country, according to Mr Parker, w ho has been with the firm 13 vears t, ii I? M i Is !i ! 1 4 -- J Aug me leased to lot Use complete are V UTl,ts (if th" oonln id.'e near tin Cottonwood an unit - F ir $ t; S' r- - . I- - Mall firm's heavy involvement m Murray also occasioned head ons with local residents who feared the chis terug of population would create enormous traffic and overload the Coiistiuetion is tost, ut shortly on the land St.it am at Old Farm 229 unit Wav homebuilder can bid homes m a m subsidivien and correct Ins succeeding units, Hayden Calvert senior i ice president ol Prudential Federal savings & Loan Assn a maim c hnannal tone m condominium conventional two or three build schools mi-tak- Defends Projects To date, none of the fears have km icalized. says Mr Prows, who at the height of the controversy spent long and wearisome hours defending his projects Continued From Page received $S5 7 million, down 1" percent levels from vear-ag- o In May and June, however, purlieu luiiy with better prices for livestock, there was some recovery Fruit production for Utah in 1975 locks reasonably good," says News letter The late spring delayed the planting and cultivation of sugar beets and other mills. But "good progress" was apparent by mid June D-1- 3 , ton-stru- turn s for Utah's minerals There me continued cutbacks in copper raining and smelting, and production was IS iH'rceut under a NEW YORK (AP) - Coal production thanks principally to increased lower generation was up Interestingly electric use ui Utah fm lust fourth months was up 5 3 percent compared to a drop far tb nation as a whole s of June, Utah's civilian work lone stood ui .V)2,8ttt, a gain of 2.3 percent However, 10.300 were (lesig noted as unemployed, giv ing the state a s asonally adjusted unemployment rate of 7 9 percent. , the Lead production through the fust w as off sev en pern ut But me production was up nearly 20 percent. Steel production was on the way up as of late February But a cancellation of orders in May resulted m cuts in jobs and output m June. tin ee months gif? and Losers New York Stocks Winners The following list shows the stocks that have gone up the most and down the most based on percent of change on the New York and American stock exchanges regardless ef volume Net and percentage P.g.1 changes are the difference between last weeks closing prue and this week's closing price Wi rntrtHe York Stock Exrtumt Aluminum Hikes Stir U.S. Ire - NEW YORK (AP) Two more aluminum companies joined the industrys price rise move this past week. The increases have drawn government criticism. Reynolds Metals Co. and Alcan Aluminum Corp.,. a on Wage and Price Stability, which has no enforcement Aluminium, Ltd., Canada, d announced a two rise m price of 99 5 percent primary a'uminum ingot to 41 cents a pound Similar Rise The week before, Kaiser On Thursday, Council director Albert Rees said Kaiser and Alcoa had agreed to postjione their increases for 30 days, pending public hearings due July 22. Rees said telegrams were sent to other producers power, reacted angrily to the Kaiser and Alcoa moves in view of the production slack m the industry. Analysts say most refiners are operating at 75 percent capacity. subsidiary of Alcan cent-a-poun- Aluminum & Chemical Corp.; Aluminum Co. of America, and How met Corp. announced a similar rise. The governments Council Your travel, apartment etc., are more difficult. Com- The companies said they fully justify their increases on the basis of cost could increases. Producers are hoping the drop m demand has ended. Omits Mention Alcan said the price of other ingof products and fab mated items will be ad- justed as appropriate Reynolds said it was raising some other ingot prices, but omi ted mention of increases in fabricated products Meanwhile, Kennecott Copper Corp., announced further production cutbacks caused by weak demand. Kennecott said, how ever, it would try to maintain a 63 cent a pound figure being quoted by Asarco, Inc., and Phelps Dodge Corp, two other major producers. muting expense is deductible . only if you have temporary-jobs- But this rule is subject to varying interpretations (even by IRS auditors). Hand Tools Power Tools '1 4 Mv'dirciiq in PCI 7L-'- , ,u h" : ' , ;i V' - - i t ' vN 1 I- ' , l' ! "El. w TiWCt stitute said the industrial production index m May, based on 100 m 1979, stood provisionally at 105 1 comMay last puted to 129 7 vear V. . 111 V y IJ. In- u ,sl Ms Vp, Af I 17-2- j Howard R Gretn. general foreman of the Hill AFB Woodmill, Pattern and Plastic Shops, has retired after 33 years of service He was re.sjmn,sible for developing a plastic tow target for F4 aircraft which was used by the Air Force and Navy for a number of years. It I Y jj1 ' gr;-- sa,. STOCK LAKCt stmus twivr iUNCE BIJfCK WKI Eg-07- Nm US7D UNt PARIS Pf PAIR SR0RTTM -RUHoYHFN YOURS 4 , OF - 65 qvi,jn,y?lah I 1 J a ) !4.'sV V V nppMPvrv Hmmm HERM REEDEKER Executfv OMicsr of Corporation Sown, end Board Chatman of Vanty (now, Usaimrf S, hvwi"iwrn Cli., S3 nand ttEJWN BOWMAN fcoai-i- . -T f e't S- -2 Vatlay Vow, fkattrsra & Inmfmarrt Co. MB. ftSW&Mf kat fiim.-and tuptcvltod Outlay Vow, kai-tor- a ana noaa anaiai vuiw settops. Compnny-ralatoof ths Gait Mart'll il past Piaai-jciLata txarwnm Avaocwkn. JOE knows prestige addresses A pera fect success multiplier Letter adJiess CALL THE TOP MAN on oar i sf Team ot VALLEY VIEW, REAL6 or eves. TORS, 27? 2985 EKDRIZZI, Chief ac ,;"tTC a, 27SMA32 I .y n Olaij Wli'. ifl'tilt ll 3 f Accounts protected up to a maximum of ten thousand dollars by the Industrial Loan Guaranty Corporation of Utah, a private corporation which is not an instrumentality of the I State of Utah or of I. LVthe Federal government, j L, i til ol T " tun IV III !. uov Ui1 h, UUii' , m A ta Yjv. U MdiirOM of I L Ci U r n p k. ii iililiato M Hfrf 487-965- MOItWCi u ils.Kt 3ru A G. MERLIN BOWMAN Aims 6"b i f .Intenriouiium 1 1 is - mnmui Upturn Certain , Forecast Says Reuters Nt ws Agency ROME Italy's industrial production dropod by is 7 percent in May this year, lompaml to the same month BASE HILL AIR FORCE 1 i ' some 13 unit a of the 77 unit Lexum ton Village at "Old hat in have been built The Jur- Special to The Tribune nt i 1 , Or- Foreman Hetires krt m C40ffi - IM Waterbury will he Di'.erc hritment wth the name came with the disclosures fioin the i leal Olfiee !Uilinn Count U.7r( Fall In Production The National Statistics 11 and their concepts 112 mill " Wate-gat- 232-un- IT and There haw Li e.i i,iist.kc.s alang the route Watei bury , oiened m 1973 Lad opginaliy been ottered in 197! ,is Hiere was compelling logic for getting into condominium development The preservation of open space by ihe c lustc-- i mg uf hvif.g units; the proini.se of a liberated hte lor the residents who no longer would be faces! with lawnmowing and house painting, the easier access io a swimming pool, clubhouse, etc, for the residents, the ease in providing seemity for the residents Market Jut P.egun It was a market that had only begun to be tapped On Oct 11. hid the firm ojiened Three Fountains, a 29! unit con dominium in Murray The - Mmeralogical Survey, noted 25 drill rigs are now operating in Utah compared to 23 a week ago and 21 a mouth ago. Though a late spring kept many crews out of the field, the total is still below that of 37 active rigs about the same time last year. The total number of wells drilled, however, is ahead of 107 compared to last year 86 at the same time last year, says Mr. Stowe. Clark, former U S. attorney general and U S Supreme Court associate justice, and Rick Barry, ace of the National Basketball Assn champions, the Golden State Warriors Mr. Price fled Nai Germany with his parents prior to World War II After studying in New York City and at the University of Utah, he founded John Price Associates in the late 1930s Cia J.i.l.g cn s , e Throe! Fountains Fast illcge III folic. w ed D-1- 3 my property for Built a house for 7,590. 820.000 and a garage for $4,(Mi0. 1 hope to sell niy house for ?'MI,000. What would my capital gains tax be? If I purchase a boat and live in it as a permanent home, must I pay any gains tax? If the boat costs $(0,000 would I have to pay any tax? It. II. M. Your tax could be huge. Yes, part of the j.atn may le deferred ll you buy a replacement residence 'may lie a houseboat, nr trailer, or apartment i depending on the cost of the new item Obtain IRS Form 2119 and IRS pamphlets 523, 537, and to explain the use of installment reiwrting and income averaging, and to make your computations. Since the amounts are large, toiv-ide- r getting professional advice Iear Mr. Smith: I live in one spot and work so miles away in another. I'm a nure at a hospital in Seattle, Wash. I live in an apartment and go by bus back and torth to my home in Port Angeles on my days off. May I deduct my travel expenses andor apartment rent? Uniforms? Dues to state nurses organization? Magazines pertaining to my profession? I'm interested in anything I can deduct. Any advice you may give will be S.P. appreciated. Those are professional expenses for nurses- Uniforms and nurses shoes, repairs, laundry and cleaning of uniforms, and dues, licenses, magazines etc., relating to the nursing profession It's an ambitious undertaking, along with the beginnings of expansion into over-se- i ii and Don it lilt Street j) Continued From Page oerospaie growth cycle was coming to a chased own retail stores. G. 1375 Prowswood: A Success Story in Mousing losses. You lust can't win for losing. Dear Mr. Smith: I pur- They Found a Need, Filled II By Brian Nutting Tribune Staff Writer I Big Loser? Decltui With Care - 6- rrrV in, 'v 'J' - - Tuxlorn v-- .. - vr - i "... V 5 , The Salt Lake Tribune. Sunday, July . JA y W $ v ,. - rlV W - v ;aJ -e r? s ;, r $ ' , r i?fi' tv L, r S 4 fVi:":;r.?i "I t . kS. S Jv 3 v ?J& i4 ? ,S . ''rsr-- , f' t'l I rf Jk . V I ? . g. T 3 1 ll Utpf'' 1 t m m w ttn&r L 1563 South Third . hi n Wsi && tvs Box 133 Sdt Lcks CJt.Utoh Fhorc AC tv! $1 Irsck iftefls tools r |
